FDIC warns US bank deposit insurance fund could tank (@$*?)

Discussion in 'General' started by lifeismorethankicks, Mar 6, 2009.

  1. lifeismorethankicks

    lifeismorethankicks

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  2. milestailsprowe

    milestailsprowe

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    It was fun while it lasted but it wonders me how the gov will reconstruct everytime
     
  3. ericberry14

    ericberry14

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    wow. the government is just handing out money like its candy

    but seriously... Great Depression all over again if people all rush & try to withdraw all their money at once.
     
  4. ericberry14

    ericberry14

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    wow. the government is just handing out money like its candy

    but seriously... Great Depression all over again if people all rush & try to withdraw all their money at once.
     
  5. black entourage inc

    black entourage inc

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    man... i thought u were talkin about U.S. Bank in particular. cuz we're just fine homie we don't have to worry about all that nonsensical bank failuretalk
     
  6. drsfinest72

    drsfinest72

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    this is 10 X worst than the great depression smh. were going down
     
  7. lifeismorethankicks

    lifeismorethankicks

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    NO matter what they can not let the FDIC go down because everyone will empty their bank account. But imagine if that happens, everyone will have their lifesavings in cash and home invasions will sky rocket.
     
  8. cadillacflow

    cadillacflow

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    If people panic and take their money out...... it could get very ugly.
     
  9. mangudai954

    mangudai954

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    We'd have a lot more to worry about than home invasions if everyone withdraws.
     
  10. lifeismorethankicks

    lifeismorethankicks

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  11. retrospect90

    retrospect90

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    I dont even got that much money to worry about. When banks fail how much money do the actual customer loose?
     
  12. dajoka004

    dajoka004

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    Wow. Not surprising is that this was released yesterday and I can tell nobody else heard this until now.

    We're #+%$*@ if this happens. I may as well withdraw my money now anyways. I went from earning around 4.5% APY when I started to 1.65% APY now. [​IMG]
     
  13. ryda421

    ryda421

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    is that not the whole purpose of the FDIC ? [​IMG] smh

    amero is getting closer
     
  14. ryda421

    ryda421

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    is that not the whole purpose of the FDIC ? [​IMG] smh

    amero is getting closer
     
  15. dendanskesimon

    dendanskesimon Banned

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    my lil 10G account not even earnin 1% lol, If FDIC fails though, the country is goin to hell, and thats in no way an exaggeration
     
  16. 1deep

    1deep

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    Oh Lord...We Finna Die...
     
  17. kicks off

    kicks off

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  18. untitled

    untitled

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    Guess the sky really is fallin.........
     
  19. thehealthinspector

    thehealthinspector

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    so where are all these "free market" people who say that we need to let the banks fail in order for the economy to correct itself?
     
  20. lurkin2long

    lurkin2long Banned

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    all joking aside............................its getting very real out here.

    Unemployment rate hits 25-year high also.

    i cant help but wonder what 2010-2012 really has in store.................im not sayin its end of the world but im really starting to believe we are headed fora serious collapse that will lead into a new beginning.........for the WHOLE world. something big is going down.
     
  21. tmukg21

    tmukg21 Banned

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    at banks taking their money out
     
  22. wawaweewa

    wawaweewa

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    FDIC's fund before this was $50b.
    Total uninsured cash deposits at US banks sit at around $6 trillion. prob less than half of that is average joe money.


    $500b is gearing up for a massive failure of some sort.
     
  23. craftsy21

    craftsy21

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    wow... getting scary now.

    With the information age, I think the great depression will never be repeated entirely - people will be able to find places to keep their money, privateinstitutions and what not.. maybe even interest free, or hell.. you could end up having to pay out even as a depositor. But still - the value of the dollar iswhat worries me with all of this.

    This is ridiculous. We need leadership and we need it now.
     
  24. throwedindagame

    throwedindagame

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    Everyone can't empty their bankout. That's impossible,

    The Banks are only required to keep 10% of deposits on deck, and believe me they rarely go over this number. Money lent, invested, etc = money made. Moneysitting in the vault = money thats doing absolutely nothing but sitting there waiting for YOU to withdraw. Little benefit to the bank.

    If there was a mass bank rush on all major banks, it would be a wrap.